Pages

Our nation's debt is literally indenturing our children to our international debt holders, but most Americans don't care because they are more concerned about the latest saga involving Snooki on Jersey Shore rather than what really matters, our country’s future.

Thursday, September 8, 2011

The September Calender of Potential Doom & Disaster by Date and Event (Updated)

Great outline of events by John Galt that could have a drastic affect on our economy as well as the worlds throughout the month of September.

By John Galt
September 7, 2011 – 00:50 ET

In even the most “normal” of times, September can turn out to be an extremely turbulent month for economies and world equity markets without warning. This time around, we have plenty of warning and an actual schedule which indicates trip wires and land mines which could bring the entire world to its knees with little warning. While this list may not be complete, if my readers have an entry I miss, please post it as a comment and I’ll add it to the article.

September 7 - Today the German Constitutional Courts will rule if Germany can legally bind itself to agreements which bail out other members of the European Union. (it did but noted but in the future they need specific authorization to do so)

September 7 - At 8 p.m. local Rome time, the Italian Senate will vote on Berlusconi’s austerity package.

September 8 - Finland decides if the conditions required will be met and if it will help to finance the massive ECB bailouts. On these two decisions the fate of the EU could be determined before the week is over.

September 8 - President Obama presents his feeble $300 billion (according to news reports) jobs program to a joint session of Congress in a nationally televised address.

September 8 - The debt ceiling super committee holds its first organizational meeting; on the agenda will be setting the rules.

September 9 & 10 - G7/G8 Finance Ministers meeting.

September 9 - U.S. will exceed the current extension of the debt ceiling without action by the administration or Congress, based on current Treasury projections.